NORFOLK, Va. (July 21, 2011)—Two subsidiaries of RCMA Commodities Asia have acquired two subsidiaries of Dutch rubber trader N.V. Deli Maatschappij. The terms of the acquisitions were undisclosed.
On July 19, Norfolk-based RCMA Americas Inc. emailed a letter to customers stating that the Alan L. Grant Rubber Division had left N.V. Deli, its parent firm for 65 years, and joined RCMA Americas.
At the same time, RCMA's Singapore subsidiary, Tong Teik Pte. Ltd., acquired Alan L. Grant's sister operation, London-based Corrie McColl & Son Ltd., according to Chris Tjia, RCMA Americas commercial director.
The July 19 letter from RCMA Americas was signed by Tjia; Petrene Pearce, RCMA Americas finance director; and Lou Mucciolo, Alan L. Grant president.
“Both organizations have a long history of first-class relationships with their customers and suppliers,” the letter stated.
“These traditions give us a unique platform from which to better serve our customers' needs while simultaneously forging stronger supplier relationships,” it said. “It is also an important step in our strategy of being the global leader in rubber supply chain management.”
Alan L. Grant's natural rubber operations will be folded into RCMA Americas, but its synthetic rubber trading will continue to operate under the Alan L. Grant name, according to Tjia.
The personnel will remain the same at Alan L. Grant. Indeed, it was the personnel at Alan L. Grant that attracted RCMA Americas toward acquiring it, Tjia said.
“We've been flirting with each other for years,” he said. “This didn't happen overnight. We are two companies whose business philosophies complement each other. Our people have the same passion about this business. Over the years, there has been very little turnover in either office.”
Particularly after the 2008 economic crash, companies such as RCMA Americas and Alan L. Grant play a crucial role in ensuring a steady supply of natural rubber to U.S. customers, according to Tjia.
“After the crash, 'inventory' became a dirty word,” he said. “From then on, U.S. customers bought hand-to-mouth. Meanwhile, demand from China disrupted traditional supply chains. “Now that we have combined forces, we feel we can better protect those supply chains for our customers.”